SHE:301023 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	259.33	253.68	279.09	173.64	182.8	206.08
Other Revenue	4.68	4.68	3.19	0.93	0.39	0.34
Revenue	264	258.36	282.27	174.57	183.19	206.43
Revenue Growth (YoY)	-11.08%	-8.47%	61.69%	-4.70%	-11.26%	11.91%
Cost of Revenue	153.02	147.16	156.76	99.33	100.43	112.29
Gross Profit	110.99	111.2	125.51	75.25	82.76	94.14
Selling, General & Admin	25.52	27.09	23.13	17.72	15.74	14.22
Research & Development	15.67	16.04	13.2	9.27	9.86	9.84
Other Operating Expenses	2.95	2.79	2.46	1.25	2.43	1.04
Operating Expenses	44.81	45.03	41.6	28.81	28.22	25.88
Operating Income	66.18	66.16	83.91	46.43	54.54	68.26
Interest Expense	-0.24	-0.08	-0.04	-0.06	-0.01	-
Interest & Investment Income	14.44	15.75	21.68	9.38	9.61	5.68
Currency Exchange Gain (Loss)	-1.52	-1.52	1.94	-0.15	21.33	-3.58
Other Non Operating Income (Expenses)	-1.31	-0.1	-0.08	-0.07	-0.09	-0.1
EBT Excluding Unusual Items	77.54	80.22	107.4	55.53	85.38	70.27
Gain (Loss) on Sale of Investments	-1.37	-0.77	-1.18	-3.18	-1.01	3.04
Gain (Loss) on Sale of Assets	0.02	-	-	0.01	0	-
Asset Writedown	0.08	-0	-0.01	-0.01	-0.01	-0.01
Other Unusual Items	1.59	1.49	0.37	1.47	7.67	2.18
Pretax Income	77.87	80.93	106.57	53.83	92.03	75.48
Income Tax Expense	10.77	10.34	13.59	7.4	12.79	9.95
Earnings From Continuing Operations	67.1	70.6	92.98	46.43	79.24	65.53
Minority Interest in Earnings	0.48	0.74	1.53	1.17	0.55	-
Net Income	67.58	71.34	94.51	47.61	79.78	65.53
Net Income to Common	67.58	71.34	94.51	47.61	79.78	65.53
Net Income Growth	-31.21%	-24.51%	98.51%	-40.33%	21.75%	-3.48%
Shares Outstanding (Basic)	77	77	77	78	79	67
Shares Outstanding (Diluted)	77	77	77	78	79	67
Shares Change (YoY)	-0.34%	-0.48%	-0.04%	-1.47%	17.47%	13.66%
EPS (Basic)	0.88	0.93	1.22	0.61	1.01	0.98
EPS (Diluted)	0.87	0.92	1.22	0.61	1.01	0.98
EPS Growth	-31.41%	-24.59%	98.60%	-39.44%	3.65%	-15.08%
Free Cash Flow	63.31	73.31	26.59	3.89	36.28	37.53
Free Cash Flow Per Share	0.82	0.95	0.34	0.05	0.46	0.56
Dividend Per Share	0.900	0.900	1.071	0.664	0.723	0.333
Dividend Growth	-16.00%	-16.00%	61.28%	-8.08%	116.83%	-
Gross Margin	42.04%	43.04%	44.47%	43.10%	45.18%	45.60%
Operating Margin	25.07%	25.61%	29.73%	26.60%	29.77%	33.07%
Profit Margin	25.60%	27.61%	33.48%	27.27%	43.55%	31.74%
Free Cash Flow Margin	23.98%	28.38%	9.42%	2.23%	19.81%	18.18%
EBITDA	75.28	75.06	92.01	53.18	59.66	73.25
EBITDA Margin	28.52%	29.05%	32.60%	30.46%	32.56%	35.49%
D&A For EBITDA	9.1	8.9	8.1	6.75	5.11	4.99
EBIT	66.18	66.16	83.91	46.43	54.54	68.26
EBIT Margin	25.07%	25.61%	29.73%	26.60%	29.77%	33.07%
Effective Tax Rate	13.83%	12.77%	12.75%	13.74%	13.90%	13.19%
Revenue as Reported	264	258.36	282.27	174.57	183.19	206.43

Source: S&P Global Market Intelligence. Standard template. Financial Sources.